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I want my 401k money now!!!
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<blockquote data-quote="Brownslave688" data-source="post: 3474405" data-attributes="member: 34439"><p>We have a local contractor who started building duplexes around 25 years ago. He could have paid it off in 10 years then saved the money to build another. And so on. Eventually the pace would pick up and he could build a lot at once. This wouldn't happen until he was pretty old and he probably didn't want to be building in his 70's.</p><p></p><p></p><p>What he did was use the equity to build another and another. In his early 30's he was brining in around 30k a month in rent but not exactly living like a king because it was all going back to the business. At 45 he was brining in 100k a month and living real nice. Now in his early 50's he's about to build the biggest apartment complex in the area. This is last hurrah I hear and will put him</p><p>At around 250k a month in incoming rent.</p></blockquote><p></p>
[QUOTE="Brownslave688, post: 3474405, member: 34439"] We have a local contractor who started building duplexes around 25 years ago. He could have paid it off in 10 years then saved the money to build another. And so on. Eventually the pace would pick up and he could build a lot at once. This wouldn't happen until he was pretty old and he probably didn't want to be building in his 70's. What he did was use the equity to build another and another. In his early 30's he was brining in around 30k a month in rent but not exactly living like a king because it was all going back to the business. At 45 he was brining in 100k a month and living real nice. Now in his early 50's he's about to build the biggest apartment complex in the area. This is last hurrah I hear and will put him At around 250k a month in incoming rent. [/QUOTE]
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I want my 401k money now!!!
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